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    5 Commerce Dr Freeburg, IL 62243

    For Sale
    $485,000

    10,920 SF Warehouse, Vacant, I-2 Zoning

    Property size:
    10,920 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional investment opportunity presents a 10,920-square-foot industrial warehouse property situated on a one-acre lot in Freeburg, Illinois. The property features two buildings. The main building, totaling 8,400 square feet, offers climate-controlled space ideal for light industrial use. This area includes a private office, kitchenette, two restrooms, multiple production rooms, a convenient drive-in overhead door, and compressed air lines throughout. A secondary steel building adds 2,520 square feet of heated, fully insulated, clear-span space with another drive-in overhead door. Both buildings are situated on a single lot with APN 14-310-227-003 & 14-31.0-227-004. Built in 2002, this single-story structure boasts a 12-foot ceiling height and is zoned I-2 Moderate Industrial. The property is currently vacant and offers immediate occupancy. Three-phase electric service is available on-site. This property is priced at $485,000, representing a price per square foot of $44.41. This is a rare opportunity to acquire a well-maintained, versatile industrial property in a desirable location.

    Property Features for 5 Commerce Dr

    General Information

    Property type
    Distribution properties
    Square Feet
    10,920 SF
    Lot Size
    43,560 SF

    Building Details

    Year Built
    2002
    Buildings
    2
    Stories
    1

    HighLights

    • 8,400 SF climate‑controlled light industrial space with private office, kitchenette, two restrooms, and multiple production rooms; features a drive‑in overhead door and compressed air lines.
    • 2,520 SF heated, insulated steel building with one drive‑in overhead door and clear span.
    • On‑site 3‑phase electric.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Restaurant Realty agency Building Supply Dental Office Gym & Fitness Pharmacy Department Store Storage Facility Garden Center Discount Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Freeburg
    County
    St Clair
    State
    Illinois
    Longitude
    -89.9106845
    Latitude
    38.4085727

    Nearby Similar for Sale

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      1,524 SF

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      105 S State St, Freeburg, IL 62243
      View Details
    • $400,000

      New Home in Meadow Pines

      New single-family home with basement in a country setting.
      440 Foxtail Dr, Freeburg, IL 62243
      View Details

    FAQs

    What type of property is this?
    Distribution property - 10,920 SF Warehouse, Vacant, I-2 Zoning
    Where is this distribution property located?
    The property is located at 5 Commerce Dr Freeburg, IL.
    What is the asking price?
    The asking price for this property is $485,000.
    What are key features of this property?
    This property features: 8,400 SF climate-controlled light industrial space with private office, kitchenette, two restrooms, and multiple production rooms; features a drive-in overhead door and compressed air lines.; 2,520 SF heated, insulated steel building with one drive-in overhead door and clear span.; On-site 3-phase electric.
    Request Owner's contact information
    5 Commerce Dr Freeburg, IL 62243
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5 Commerce Dr Freeburg, IL 62243
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